0
Where would you get receipts expenses like child care and medical expenses?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
When do medical expenses qualify as deduction?
Unreimbursed medical expenses are only deductible in the year that they are paid and only if you are using the schedule A itemized deductions of the 1040 income tax return and all of your unreimbursed medical expenses that would be the over the limited 7.5 % would end up being a part of your itemized deduction that would be added to all of your other itemized deductions on the schedule A itemized deductions of the 1040 tax form.
When do medical exspenses qualify as a tax deduction?
Unreimbursed medical expenses are only deductible in the year that they are paid and only if you are using the schedule A itemized deductions of the 1040 income tax return and all of your unreimbursed medical expenses that would be the over the limited 7.5 % would end up being a part of your itemized deduction that would be added to all of your other itemized deductions on the schedule A itemized deductions of the 1040 tax form.
What is meant by selling expenses?
Selling Expenses are the expenses directly related to producing sales. Typical Selling Expenses would be Advertising and Salesman's Commissions.
What is the definition of functional expenses?
Functional expenses are expenses grouped together according to the purpose for which the expense occurred. Some examples of this would be administrative expenses, program expenses, or cost of goods.
Can you use your bank statements in place of receipts?
Bank statements should be okay to use in place of receipts when filing taxes. If you are claiming gas on your taxes, you bank statement will state the name of the gas station, if it is prepaid, and the amount that is purchased. The receipts would be better to have, in case you are audited. So try to keep your receipts next year.
How would you figure your expenses for child support modification if you and your girlfriend share bills?
In general, expenses are not considered when determining child support (except for extraordinary expenses such as very high medical bills). Child support is based on a percentage of net income.
If the non custodial parent is ordered to pay medical insurance for the child does that include the copay and deductible?
That's a good attorney question, but I would not think so. Copay and deductable would be medical expenses, not medical insurance.
How Much Medical Expenses are tax deductible?
Medical expenses are deductible up to the amount that they exceed 7.5% of your AGI. If you had an adjusted gross income of $100,000 and your unreimbursed medical expenses were $13,000 than your medical expenses deductible would be $5,500 (13,000 - (100,000 * 7.5%)).
Will my PIP car insurance cover my medical expenses if I don't have health insurance in Texas?
Your PIP insurance will in most cases cover your medical expenses even if you do not possess the required health insurance in Texas. This would pay for your medical expenses in a wreck.
Why would a judge rule to have a father temporarily pay zero dollars in child support day care medical premiums or out of pocket medical expenses while unemployed?
Because she recognizes the problems of unemployed fathers in this economy.
Is money spent on lenses for cataract surgery tax deduxtible?
These would be tax deductible under Medical Expenses on Schedule A if you have enough expenses to overcome the threshold and itemize. You cannot use any medical expenses that are reimbursed or paid for by insurance.
Can unforeseen medical expenses for a stepchild of the noncustodial parent effect the amount of child support the noncustodial parent is required to pay?
No. Your obligation to support your own child takes priority over any subsequent support you offer for another person's child. The court would not decrease your child support obligation for that reason.
If you plan to spend 9 percent of your monthly income on medical expenses how much would you budget for a monthly income of 1550?
If you plan to spend 9 percent of your monthly income on medical expenses, you would budget $139.50 for a monthly income of $1550.
When do medical expenses qualify as deduction?
Unreimbursed medical expenses are only deductible in the year that they are paid and only if you are using the schedule A itemized deductions of the 1040 income tax return and all of your unreimbursed medical expenses that would be the over the limited 7.5 % would end up being a part of your itemized deduction that would be added to all of your other itemized deductions on the schedule A itemized deductions of the 1040 tax form.
How do you sue your ex for unpaid medical expenses on your child?
In the final divorce between the two of you , if paying of medical bills is clearly mentioned that he would pay it , then he better do it, or you can very well sue him for it.Another PerspectiveYou may not need to sue. If you have a separation agreement that was made part of the divorce decree and that provides that he must pay a share of the medical expenses, you can file a motion for contempt if he refuses to obey the order. The court can compel payment.
Can you run out-of-pocket expenses from one spouse's medical plan through the other spouse's FSA plan?
Yes you can- from IRS publication 502 - Eligible FSA ExpensesSpouseYou can include medical expenses you paid for your spouse. To include these expenses, you must have been married either at the time your spouse received the medical services or at the time you paid the medical expenses.Example 1.Mary received medical treatment before she married Bill. Bill paid for the treatment after they married. Bill can include these expenses in figuring his medical expense deduction even if Bill and Mary file separate returns.If Mary had paid the expenses, Bill could not include Mary's expenses in his separate return. Mary would include the amounts she paid during the year in her separate return. If they filed a joint return, the medical expenses both paid during the year would be used to figure their medical expense deduction.Example 2.This year, John paid medical expenses for his wife Louise, who died last year. John married Belle this year and they file a joint return. Because John was married to Louise when she received the medical services, he can include those expenses in figuring his medical deduction for this year.
Do parents have rights to their children's medical records after they have lost custody?
Generally, the person who has legal custody or legal guardianship of the child has right to the child's medical records. A parent who does not have legal custody is not entitled to the child's medical records. Generally, they would need a court order to obtain them.Generally, the person who has legal custody or legal guardianship of the child has right to the child's medical records. A parent who does not have legal custody is not entitled to the child's medical records. Generally, they would need a court order to obtain them.Generally, the person who has legal custody or legal guardianship of the child has right to the child's medical records. A parent who does not have legal custody is not entitled to the child's medical records. Generally, they would need a court order to obtain them.Generally, the person who has legal custody or legal guardianship of the child has right to the child's medical records. A parent who does not have legal custody is not entitled to the child's medical records. Generally, they would need a court order to obtain them.
